1,664,324 Shares in 3D Systems Corporation $DDD Purchased by Nuveen LLC

Key Points

• Nuveen LLC acquired 1,664,324 shares of 3D Systems Corporation (NYSE:DDD), worth about $3.5 million, marking a new investment during the first quarter.
• Several institutional investors, including Two Sigma Advisers LP and BNP Paribas Financial Markets, significantly increased their stakes in 3D Systems in the fourth quarter.
• 3D Systems holds an average analyst rating of "Hold," with a target price projected at $3.67, despite obtaining a "sell" rating from Weiss Ratings recently.

Nuveen LLC purchased a new position in shares of 3D Systems Corporation (NYSE:DDD - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 1,664,324 shares of the 3D printing company's stock, valued at approximately $3,528,000. Nuveen LLC owned approximately 1.23% of 3D Systems at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. CWM LLC lifted its stake in 3D Systems by 703.1% during the first quarter. CWM LLC now owns 12,352 shares of the 3D printing company's stock worth $26,000 after purchasing an additional 10,814 shares during the last quarter. Boothbay Fund Management LLC bought a new position in 3D Systems during the fourth quarter worth $44,000. Universal Beteiligungs und Servicegesellschaft mbH bought a new position in 3D Systems during the first quarter worth $29,000. Mercer Global Advisors Inc. ADV bought a new position in 3D Systems during the fourth quarter worth $52,000. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main lifted its stake in 3D Systems by 15.7% during the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 16,779 shares of the 3D printing company's stock worth $55,000 after purchasing an additional 2,279 shares during the last quarter. 64.49% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

DDD has been the topic of a number of recent research reports. Zacks Research upgraded 3D Systems to a "hold" rating in a research note on Tuesday, August 12th. Weiss Ratings reiterated a "sell (d-)" rating on shares of 3D Systems in a research note on Saturday. Needham & Company LLC reiterated a "hold" rating on shares of 3D Systems in a research note on Wednesday, May 14th. Finally, Wall Street Zen upgraded 3D Systems from a "sell" rating to a "hold" rating in a research note on Saturday, August 16th. Two equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Hold" and an average target price of $3.67.

3D Systems Price Performance

NYSE:DDD traded down $0.11 during mid-day trading on Tuesday, reaching $2.19. 2,678,905 shares of the stock were exchanged, compared to its average volume of 4,874,567. The business has a fifty day moving average price of $1.86 and a 200 day moving average price of $2.12. The firm has a market capitalization of $280.87 million, a PE ratio of -1.67 and a beta of 2.09. 3D Systems Corporation has a 1-year low of $1.32 and a 1-year high of $5.00. The company has a current ratio of 2.76, a quick ratio of 1.82 and a debt-to-equity ratio of 0.51.

3D Systems Profile

3D Systems Corporation provides 3D printing and digital manufacturing solutions in the Americas, Europe, the Middle East, Africa, the Asia Pacific, and internationally. The company offers 3D printers technologies, such as stereolithography, selective laser sintering, direct metal printing, multi jet printing, color jet printing, polymer extrusion, and extrusion and SLA based bioprinting that transform digital data input generated by 3D design software, computer aided design (CAD) software, or other 3D design tools into printed parts.